QVT Issues Second Report on Jackson Financial (JXN) Subsidiary Brooke Life Reinsurance Co. Underscoring Near-Term Liquidity Challenges

NEW YORK--( BUSINESS WIRE)--QVT Financial LP ("QVT") today issued a second report on Jackson Financial, Inc. (NYSE: JXN), underscoring QVT’s concerns regarding the solvency of JXN’s subsidiary Brooke Life Reinsurance Co. (“Brooke Re”), and detailing its estimates that Brooke Re will face significant liquidity challenges in the coming quarters.

In addition, the report addresses a new issue regarding potential significant overstatement of JXN’s adjusted operating earnings due to understatement of registered index-linked annuities (RILA) option costs.

QVT poses a number of questions for JXN management heading into its quarterly earnings statement and call scheduled for November 4, both with respect to the situation at Brooke Re and the RILA cost issue.

The full second report, Questions for JXN Going Into 3Q 2026 Earnings, which includes the following key questions for management as well as QVT’s analysis, can be found here.

Key Questions for JXN Management:

About QVT

QVT Financial LP, founded in 2003, is a multi-strategy investment firm based in New York.

Disclaimers

QVT’s funds under management hold short positions in the debt and equity securities of JXN, including through derivatives. Following today’s publication, QVT may, without further notice, increase, decrease, or otherwise change or exit their funds’ positions in the JXN securities at any time, regardless of the views or conclusions expressed in its report. QVT is under no obligation to update the report or to inform readers of any changes in their positions or opinions.